•EUR/USD hits day high at 1.20213 and is currently trading around 1.1998.
•The pair is facing strong psychological resistance around 1.2000- 1.2021 and any convincing break above will take the pair to next level till 1.2050/1.20916 (Sep 8th 2017 high).
•Bullish continuation can be seen only above 1.2100.
•On the lower side, near term intraday support is around 1.1860 - 1.1850 (H4 200 SMA & trend line joining 1.13116 and 1.13705) and any break below will drag the pair down till 1.18223 (Aug 31st 2017 low) and1.1800.
•The major resistance is around 1.2100 and any break above confirms bullish continuation, a jump till 1.2200.
Market awaits US Fed monetary policy for further direction. Fed is expected to keep its interest rates unchanged but investors will look for signals for normalization of balance sheet.